Allianz Australia
Best General Insurance Company of the Year 2010*
General Insurance Company of the Year 2009+
Call us on 13 1000
Car Insurance, Life Insurance, Home Insurance, Travel Insurance and more.
Young families
New and developing relationships, buying a house and starting a family for the first time will change your financial priorities and responsibilities. No one plans to get sick, injured or to die unexpectedly, but we all have a tendency to think that it won’t happen to us, I’m too young to get cancer or to have a heart attack and I’m the safest driver on the road type of attitude.
A recent sample survey of young families with household incomes or joint assets (excluding the family home) of over $50,000 found that only 48% had life insurance. This compares with the 78% of the same sample who comprehensively insured their car and the 80% who had their home and contents insured.5
As you move from one life stage to another your personal insurance needs will vary, change and evolve. There is nothing stronger or more compelling than the natural instinct of a parent to protect their family.
The first step in addressing your family’s financial security is to become aware of the risks you and your family are exposed to. One of the greatest risks you may face is losing your ability to provide a secure and comfortable lifestyle and future for your family.
As a 'young family' you have a natural instinct to care, nurture and protect those you are now responsible for, it isn’t just about you any longer. It is about your responsibilities and knowing that your family is secure in your care. You are thinking about the things you are currently providing but more importantly you are already planning what you want to provide in the future, such as:
As with all life stages you like to think that you will always be there for your family, you will always be able to work and provide a steady income.
It’s worth taking a moment to consider what would happen if an extended illness or injury or premature death stopped your ability to work and provide an income. This could have a devastating impact to your family’s financial security and long-term lifestyle choices. It’s hard to imagine losing your health and your ability to go to work or even to imagine losing your life but it is easy to imagine the practical impact the lack of an income would have.
The advantage of having a personal insurance plan is that you can make relatively small payments but instantly put into place a protection plan that can provide financial security that will avoid you relying on:
1Year Book Australia 2006, www.abs.gov.au
2Australian Institute of Health and Welfare, Australia’s Health 1998
3Cardiovascular Health in Australia, Department of Health 1994
4Australian Disability Table IAD89-93 Class
5Australia Scan: Quantum Market Research 2004
However it is worth considering:
- In 2004 over 1,500 people were killed in motor vehicle accidents in Australia.1
- Three out of every four Australian families will experience cancer.2
- More than 50,000 Australians suffer heart attacks annually.3
- More than 60% of Australians will be disabled for more than one month during their working life and more than 25% will be disabled for more than three months.4
A recent sample survey of young families with household incomes or joint assets (excluding the family home) of over $50,000 found that only 48% had life insurance. This compares with the 78% of the same sample who comprehensively insured their car and the 80% who had their home and contents insured.5
As you move from one life stage to another your personal insurance needs will vary, change and evolve. There is nothing stronger or more compelling than the natural instinct of a parent to protect their family.
The first step in addressing your family’s financial security is to become aware of the risks you and your family are exposed to. One of the greatest risks you may face is losing your ability to provide a secure and comfortable lifestyle and future for your family.
As a 'young family' you have a natural instinct to care, nurture and protect those you are now responsible for, it isn’t just about you any longer. It is about your responsibilities and knowing that your family is secure in your care. You are thinking about the things you are currently providing but more importantly you are already planning what you want to provide in the future, such as:
- educational opportunities for your children;
- a safe and comfortable home;
- providing a steady flow of income;
- providing family holidays and recreational activities so that you can enjoy time together as a family; and
- growing your savings to ensure your children have the best start in life they deserve.
As with all life stages you like to think that you will always be there for your family, you will always be able to work and provide a steady income.
It’s worth taking a moment to consider what would happen if an extended illness or injury or premature death stopped your ability to work and provide an income. This could have a devastating impact to your family’s financial security and long-term lifestyle choices. It’s hard to imagine losing your health and your ability to go to work or even to imagine losing your life but it is easy to imagine the practical impact the lack of an income would have.
The advantage of having a personal insurance plan is that you can make relatively small payments but instantly put into place a protection plan that can provide financial security that will avoid you relying on:
- Your savings, investments and assets;
- Government benefits which may provide relatively small levels of income; and
- Your relatives to provide long-term financial help.
Important note:
The insurance is issued by Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559. The information contained on this website is general information only. It does not take into account your individual objectives or financial situation. You should therefore consider the appropriateness of the insurance having regard to your objectives, financial situation and needs. Prior to making any decision you should read the
Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). You should seek advice from your financial adviser before deciding on appropriate insurance cover.
The insurance is issued by Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559. The information contained on this website is general information only. It does not take into account your individual objectives or financial situation. You should therefore consider the appropriateness of the insurance having regard to your objectives, financial situation and needs. Prior to making any decision you should read the
Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). You should seek advice from your financial adviser before deciding on appropriate insurance cover.
1Year Book Australia 2006, www.abs.gov.au
2Australian Institute of Health and Welfare, Australia’s Health 1998
3Cardiovascular Health in Australia, Department of Health 1994
4Australian Disability Table IAD89-93 Class
5Australia Scan: Quantum Market Research 2004
Retrieve application
Retrieve a saved life insurance application.
5 Star CANSTAR Rating
Allianz rated outstanding value for the third year by CANSTAR.
Allianz is Lifewise
Lifewise is an initiative of the Australian life insurance industry aimed at addressing the issue of underinsurance. Australia is one of the most under insured nations in the developed world.